Location Root Tag

PNC Financial Services Group in Pittsburgh has tapped an executive to become its director of community affairs and president of the PNC Foundation.

LUTHERVILLE, Md. — First Financial Federal Credit Union of Maryland named Eric Church as its new president/chief executive officer.

EDWARDSVILLE, Ill. — Scott CU returned $1.8 million to its members just in time for the holidays.

Farmers Capital Bank in Frankfort, Ky., said a change in the rules governing allotments by active-duty service members will shave more than $800,000 off its bottom line next year.

Northwest Bancshares in Warren, Pa., has agreed to buy LNB Bancorp in Lorain, Ohio.

The $16.3 billion-asset UMB will pay $182.5 million in stock for the Marquette, which is owned by the Pohlad family. The acquisition, which values Marquette at 160% of its tangible book value, is expected to close in mid-2015.

NEW BRUNSWICK, N.J. — Internet Archive Federal Credit Union (IAFCU), a $2.8-million CU aimed at serving the burgeoning Mexican immigrant community here, is helping immigrants get their Individual Tax Identification Numbers (ITIN), their "passport" to legally working in the U.S.

City National Bank in Los Angeles is launching a new online magazine with a goal of driving more traffic to its website.

Albany, N.Y. — What has for years been known as the Credit Union Association of New York officially became known as the New York Credit Union Association as of today.

WICHITA — Consolidation among state credit union leagues isn't slowing down, as leagues in Kansas and Missouri are exploring the possibility of a merger.

PEORIA, Ill. — Citizens Equity First Credit Union (CEFCU) said it will distribute a record $40 million extraordinary dividend to the credit union's members.

Bridge Bancorp in Bridgehampton, N.Y., has agreed to buy Community National Bank in Melville, N.Y.

The $5.9 billion-asset company said in a press release Friday that it has offered the subordinated notes in a private placement to unnamed institutional investors.

Doral Financial in San Juan, Puerto Rico, has resubmitted its capital restoration plan to the Federal Deposit Insurance Corp. after the agency determined that the initial plan was insufficient.

ALEXANDRIA, Va. — Detroit-based Health One CU Friday was liquidated by the Michigan Department of Insurance and Financial Services, with NCUA named as liquidating agent.

Some banks offer better mobile apps than others, although there is time to recover because most consumers are not quite ready to switch banks yet based on app quality.

The Mississippi company is hopeful examiners will recognize progress made on Bank Secrecy Act compliance, including a much bigger staff and enhanced systems. If all goes well, BancorpSouth could have a consent order lifted, paving the way for it to refile applications for two acquisitions it hopes to complete next year.

Bidding is over in the first bankruptcy auction to be held at the demand of trust-preferred creditors, but there's no clear winner.

BUTTE, Mont. — The members of $69 million EDTECH Credit Union voted to merge their CU into $607 million Horizon Credit Union, Spokane Valley, Wash.

AmeriServ Financial in Johnstown, Pa., is making leadership changes as its chief executive plans to resign early next year.